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New York Attorney General (NYAG) Letitia James issued a report on the potential benefits and risks associated with artificial intelligence (AI) in anticipation of potential incoming legislation related to the new technology. Key benefits included AI’s application in the healthcare sector and the streamlining of administrative tasks. Amongst the possible risks were algorithmic bias in hiring, generative AI being used by bad actors to create misinformation, and anti-competition due to AI’s need for vast amounts of data for training. “There are many ways this technology can help people, from completing routine administrative tasks to assisting with medical developments,” said the Office of the New York State Attorney General (OAG). “While this presents exciting opportunities, there are several risks associated with this technology. It is crucial to timely address these risks before it is too late.” The report is the product of a private symposium held on April 12, 2024, in which the OAG hosted leading academics, policymakers, advocates, and industry representatives in panel discussions to address the major opportunities and risks AI technology presents. The purpose of the symposium, titled “The Next Decade of Generative AI: Fostering Opportunities While Regulating Risks,” was to help the OAG “develop strategies to mitigate those risks while ensuring New York can remain at the forefront of innovation.” Generative AI was a particular focus, but speakers also addressed more traditional AI systems, such as automated decision-making technology. Topics included addressing information and misinformation sharing, data privacy, and potential healthcare uses for AI. “On a daily basis, we are seeing artificial intelligence utilized to improve our lives, but also sow chaos and confusion,” James said in a statement. “The symposium I organized helped bring together government and industry experts to discuss and generate real plans and next steps on addressing AI technology, and I thank everyone for their…

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Filed under: News - @ August 9, 2024 7:12 pm